Meaning of the word "brand name" in English

What does "brand name" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

brand name

US /ˈbrænd ˌneɪm/
UK /ˈbrænd ˌneɪm/

Noun

a name given to a product or service by a company to distinguish it from similar products or services offered by competitors

Example:
Many consumers prefer to buy well-known brand names.
The company decided to change its brand name to appeal to a younger audience.